Dealing with Zero coupon Treasuries and other Disc/Prem Bonds
Quicken currently treats the difference in the purchase price of zero cpn Treasuries and the redemption price as Capital Gains; it is not. It is INTEREST INCOME. I presume Quicken similarly handles other discounted bond purchases/redemptions (and premium bond purchases/redemptions the same way? In this case it can be a combination of interest and capital gains/losses. Brokerage houses must follow the IRS guidelines in reporting this on YE 1099. Can Quicken do the same?